Fossil Energy
EU approves ExxonMobil-Vår Energi $4.5B Norway transaction
ExxonMobil’s sale of assets in Norway to Var Energi has received approval from the European Commission under the EU Merger Regulation.
OSV oversupply overstated, the market is tightening, MMA Offshore says
Oversupply of offshore vessels in the market is overstated, and the market is tightening, Australian OSV player MMA said Thursday. The company also expects an increase in demand for its services in its key regions of operations. In a statement prepared for its AGM of shareholders, MMA said its retur
Billionaire Fredriksen steps down as Seadrill Chairman
“My close involvement and strong support of Seadrill will remain unchanged.”
Energean inks another sales agreement for Karish gas
Energean Oil and Gas and MRC Alon Tavor have signed a gas sales and purchase agreement for the sale of approximately 0.5 Bcm/yr, or up to 8 Bcm over the term of the contract from the Karish field offshore Israel.
EnQuest’s Thistle, Heather platforms still shut. Production to resume in 2020
UK North Sea operator EnQuest has said that its Thistle and Heather platforms are still shut, and are expected to resume production in the first half of 2020.
Mubadala kicks off three-well exploration campaign in Gulf of Thailand
Mubadala Petroleum has kicked off its three-well exploration campaign at the G1/48 Manora oil field located in the Northern Gulf of Thailand.
ABB cheers new era for offshore oil and gas following subsea power system test
ABB, a power and automation technology provider, has completed a 3,000-hour shallow water test on its subsea power distribution and conversion technology system.
DOF bags new gigs in Asia Pacific for two vessels
DOF Subsea has received several contract awards for its vessels in the Asia Pacific region, securing 130 days vessel and resource utilization into 1Q 2020.
Seabed Geosolutions eyes OBN survey job in Gulf of Mexico
Seabed Geosolutions, a joint venture between Fugro and CGG, has received a letter of intent for another 3D ocean bottom node (OBN) survey in an active area of the U.S. Gulf of Mexico for ‘a major energy company.’
First offshore decommissioning operation performed in Romania, OMV Petrom says
OMV Petrom has completed the removal of the Gloria platform from its production location in the Black Sea offshore Romania.
BPC seals the deal with Baker Hughes for Bahamas well equipment
Bahamas Petroleum Company (BPC) has finalized an agreement with Baker Hughes for the provision of equipment for its first exploration well in The Bahamas in 2020. However, the company is still working to secure the financing and finalize a rig contract with Seadrill.
Petrobras poised to become world’s largest oil producer by 2030, Rystad says
Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.
JDC’s Hakuryu-11 jack-up starts Vietnam ops
Japan Drilling Company’s jack-up drilling rig “HAKURYU-11” has a drilling operation offshore Vietnam.
Cash offer for Singapore’s POSH formally launched
Quetzal Capital has now formally launched its voluntary conditional cash offer for Singapore’s offshore support vessel operator PACC Offshore Services Holdings (POSH). Quetzal Capital is the bid vehicle formed by certain members of the Kuok group of companies, namely Kuok (Singapore) Limited (KSL),